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Macro

Serbia

Europe & Central Asia · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 11.0%
Current prices2025
100USD bn
GDP per capita▲ 11.7%
Current prices2025
15,284USD
Real GDP growth▼ 1.9 pp
Annual change2025
2.0%
Inflation▼ 0.8 pp
Average consumer prices2025
3.9%
Unemployment▲ 0.1 pp
Rate2025
8.7%
Government debt▼ 1.6 pp
General government, gross2025
42.4% of GDP
Current account▼ 0.3 pp
Balance2025
-4.9% of GDP
Population▼ 0.7%
Total2025
6.54million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-10.30.07.91998: 5.3%1999: -10.3%2000: 6.1%2001: 6.8%2002: 6.5%2003: 4.6%2004: 6.7%2005: 5.9%2006: 3.9%2007: 7.8%2008: 5.2%2009: -3.1%2010: 1.6%2011: 0.1%2012: -0.4%2013: 0.5%2014: -1.8%2015: 1.3%2016: 3.0%2017: 2.4%2018: 4.6%2019: 4.8%2020: -1.0%2021: 7.9%2022: 2.7%2023: 3.7%2024: 3.9%2025: 2.0%2026: 2.8% (IMF projection)2027: 3.5% (IMF projection)2028: 3.5% (IMF projection)2029: 3.5% (IMF projection)2030: 3.5% (IMF projection)2031: 3.5% (IMF projection)IMF projection2000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.080.71998: 30.0%1999: 41.1%2000: 70.0%2001: 80.7%2002: 8.9%2003: 2.9%2004: 10.6%2005: 16.3%2006: 10.7%2007: 5.9%2008: 12.4%2009: 8.1%2010: 6.1%2011: 11.1%2012: 7.3%2013: 7.7%2014: 2.2%2015: 1.4%2016: 1.1%2017: 3.2%2018: 2.0%2019: 1.9%2020: 1.5%2021: 4.1%2022: 12.0%2023: 12.4%2024: 4.7%2025: 3.9%2026: 5.2% (IMF projection)2027: 4.9% (IMF projection)2028: 3.0% (IMF projection)2029: 3.0% (IMF projection)2030: 3.0% (IMF projection)2031: 3.0% (IMF projection)IMF projection2000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %7.92.73.73.92.02.83.53.53.53.5
Inflation, average consumer prices %4.112.012.44.73.95.24.93.03.03.0
Unemployment rate %11.19.59.48.68.78.88.78.68.58.4
GDP, current prices USD bn66678190100112122130139148
GDP per capita, current prices USD9,63210,02512,28213,67815,28417,25218,95520,36021,87923,521
GDP per capita, PPP Int. USD23,67026,70228,90730,96732,72434,86337,21039,43241,84644,458
General government gross debt % of GDP53.650.945.744.142.442.643.042.742.642.4
General government net lending/borrowing % of GDP-3.2-0.1-1.2-1.7-2.2-2.9-2.9-2.5-2.4-1.9
Current account balance % of GDP-4.1-6.5-2.3-4.5-4.9-5.7-4.4-5.0-4.9-4.8
Population million6.836.666.626.596.546.496.446.396.346.29

Government debt, % of GDP

General government gross debt
0.02012000: 201%2001: 96%2002: 68%2003: 64%2004: 58%2005: 50%2006: 37%2007: 30%2008: 29%2009: 35%2010: 42%2011: 46%2012: 58%2013: 61%2014: 63%2015: 67%2016: 65%2017: 55%2018: 51%2019: 49%2020: 54%2021: 54%2022: 51%2023: 46%2024: 44%2025: 42%2026: 43% (IMF projection)2027: 43% (IMF projection)2028: 43% (IMF projection)2029: 43% (IMF projection)2030: 42% (IMF projection)2031: 42% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-19.10.01.92000: -1.7%2001: 1.9%2002: -3.5%2003: -6.5%2004: -12.2%2005: -7.8%2006: -8.9%2007: -15.4%2008: -19.1%2009: -5.7%2010: -5.8%2011: -7.8%2012: -10.4%2013: -5.5%2014: -5.4%2015: -3.3%2016: -2.8%2017: -5.0%2018: -4.6%2019: -6.6%2020: -3.9%2021: -4.1%2022: -6.5%2023: -2.3%2024: -4.5%2025: -4.9%2026: -5.7% (IMF projection)2027: -4.4% (IMF projection)2028: -5.0% (IMF projection)2029: -4.9% (IMF projection)2030: -4.8% (IMF projection)2031: -4.8% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199514.235.325.044.1
20056.228.921.048.0
20155.626.617.851.8
20253.322.3–59.7

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method13,480USD2025+117.1%
GNI, Atlas method88USD bn2025+100.5%
Exports of goods and services54.3% of GDP2025+10.9 pp
Imports of goods and services58.6% of GDP2025+8.5 pp
Life expectancy at birth76.0years2024+0.8%
Urban population62.6% of total2025+2.5 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)